The New Year started with a bang followed by the dismal data on IIP numbers which fell 1.3% in November 2015 over November 2014.
The data was announced by the government after market hours on Thursday, 31 December 2015. On Friday market did not go down much which indicates the market has digested the bad number and it does not expect it to go down much on the local data. However we will have to check how the market reacts to the global concerns such as FED rate hikes. Right now we can assume that Nifty has a strong support at 7550 but still the hurdle on the Nifty remains at 8250. We wanted to look back the past and check what we wrote in our old newsletters. The job was simplified as our beloved member Rajesh Sharad Dudwadkar from Mumbai made our task simpler. He has given he most important writings of our past newsletters:

On 12th March 2014 we wrote:

Godrej properties have corrected nicely from the highs of Rs 421 to Rs 155! It appears to have bottomed out but it could answer the prayers of long term investors only

On 22nd August 2014 we wrote:

Tata Elxsi which was picked at Rs 290 has crossed Rs 600 and could very well cross the magic figure of 1000 in the long run.

I am 100% sure no one would have these 2 stcoks in their holdings till now.

On 17th December 2014

Even last week we wrote that the market appears to have seen the top at around 8600 level. But none of the investors are in a mood to respect/accept our views. Market is expected to make U turn after the recent sharp fall but we are sure it is not the time to risk the capital at least till Nifty crosses decisively 8350.

Ever since we wrote this the market is in the bear phase, even today the situation remains the same and we do not expect any magic till Nifty crosses 8300 mark! However the long term investors who have learnt the nuances of investing (I think the this typ of investors are extinct) can dwell in the market.

We have planned to conduct a seminar on value investing and we would like to know how many of you are really interested in this subject. Let us check it out next week